Polaris Capital Management LLC Sells 10,600 Shares of Perdoceo Education Corporation $PRDO

Key Points

• Polaris Capital Management LLC has reduced its stake in Perdoceo Education Corporation by 14.9%, selling 10,600 shares to hold a total of 60,600 shares, valued at approximately $1,981,000.
• Perdoceo Education has received positive analyst ratings, with a consensus rating of "Buy" and a raised price target from Barrington Research from $40 to $42.
• The company recently increased its quarterly dividend from $0.13 to $0.15, representing an annualized dividend yield of 1.6% and a payout ratio of 25.97%.

Polaris Capital Management LLC lessened its stake in shares of Perdoceo Education Corporation (NASDAQ:PRDO - Free Report) by 14.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 60,600 shares of the company's stock after selling 10,600 shares during the quarter. Polaris Capital Management LLC owned approximately 0.09% of Perdoceo Education worth $1,981,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. LSV Asset Management boosted its position in shares of Perdoceo Education by 1.5% in the 1st quarter. LSV Asset Management now owns 1,874,274 shares of the company's stock worth $47,194,000 after purchasing an additional 26,969 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Perdoceo Education by 10.2% in the 1st quarter. American Century Companies Inc. now owns 1,792,952 shares of the company's stock worth $45,147,000 after purchasing an additional 165,762 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Perdoceo Education by 49.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,547,405 shares of the company's stock worth $38,964,000 after purchasing an additional 513,599 shares in the last quarter. Millennium Management LLC boosted its position in shares of Perdoceo Education by 48.9% in the 1st quarter. Millennium Management LLC now owns 1,297,465 shares of the company's stock worth $32,670,000 after purchasing an additional 425,893 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Perdoceo Education by 58.9% in the 1st quarter. Bank of New York Mellon Corp now owns 1,088,105 shares of the company's stock worth $27,398,000 after purchasing an additional 403,157 shares in the last quarter. Institutional investors own 93.46% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Weiss Ratings reissued a "buy (b)" rating on shares of Perdoceo Education in a research report on Saturday, September 27th. Barrington Research raised their price objective on Perdoceo Education from $40.00 to $42.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 23rd. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, Perdoceo Education currently has a consensus rating of "Buy" and an average price target of $42.00.

Perdoceo Education Stock Performance

Shares of PRDO stock opened at $36.60 on Friday. The firm has a market capitalization of $2.38 billion, a price-to-earnings ratio of 15.84, a price-to-earnings-growth ratio of 0.98 and a beta of 0.88. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.27 and a quick ratio of 4.26. The business has a fifty day moving average of $33.15 and a 200 day moving average of $30.55. Perdoceo Education Corporation has a 1 year low of $20.55 and a 1 year high of $38.02.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.65 by $0.02. The company had revenue of $209.58 million during the quarter, compared to analyst estimates of $206.92 million. Perdoceo Education had a return on equity of 17.13% and a net margin of 20.09%.The firm's quarterly revenue was up 25.7% on a year-over-year basis. During the same quarter last year, the business posted $0.60 EPS. Perdoceo Education has set its Q3 2025 guidance at 0.600-0.620 EPS. FY 2025 guidance at 2.480-2.550 EPS. As a group, research analysts expect that Perdoceo Education Corporation will post 2.41 earnings per share for the current year.

Perdoceo Education Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd were issued a $0.15 dividend. This is a boost from Perdoceo Education's previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $0.60 annualized dividend and a dividend yield of 1.6%. Perdoceo Education's payout ratio is presently 25.97%.

Insiders Place Their Bets

In other news, SVP Greg E. Jansen sold 30,234 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $33.00, for a total value of $997,722.00. Following the completion of the transaction, the senior vice president owned 96,279 shares of the company's stock, valued at $3,177,207. The trade was a 23.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Elise Baskel sold 21,212 shares of the business's stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $35.00, for a total value of $742,420.00. Following the completion of the transaction, the senior vice president directly owned 72,142 shares of the company's stock, valued at approximately $2,524,970. This trade represents a 22.72% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 205,656 shares of company stock worth $6,871,148. 2.11% of the stock is currently owned by company insiders.

About Perdoceo Education

Perdoceo Education Corporation provides postsecondary education through online, campus-based, and blended learning programs in the United States. It operates in two segments, Colorado Technical University and The American InterContinental University System. The Colorado Technical University segment offers academic programs, such as business and management, nursing, healthcare management, computer science, engineering, information systems and technology, project management, cybersecurity, and criminal justice.

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